FIS Modern Banking Platform
Advance your bank with a modern core platform.
Bayer AG is a global pharmaceutical, consumer health and agriculture powerhouse that was facing treasury management challenges due to rapid shifts in the global economy and increasing regulatory complexities. Working with FIS, Bayer not only modernized its global middle-and-back-office functions but also implemented simulation-based Monte Carlo methodologies to improve how the financial control team measures and manages risks associated with OTC trading and traditional financial activities.
Bayer has been able to reduce its global risk exposure by implementing process efficiencies across the entire trade life cycle, from trade capture to back-office operations and hedge accounting. FIS was also instrumental in helping Bayer to spin off one of its companies and then quickly stand up its own back-and-middle-office operations in less than eight months.
[When selecting FIS] it was a combination of products and people, honestly. Most companies will have great products but they lack the people to implement it, to help you develop it and to show opportunities with the product—and that’s what we like about FIS.”
The FIS capital markets team continues to work closely with Bayer to create new processes to help reduce costs and maintain compliance.
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